Should a principal hire one agent or two agents to perform two sequential tasks?

A principal should hire one agent to perform two sequential tasks when the tasks are conflicting (i.e., a first-stage success makes second-stage effort less effective), while she should hire two different agents when the tasks are synergistic.

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Year of publication:	2010-09
Authors:	Schmitz, Patrick W
Institutions:	C.E.P.R. Discussion Papers
Subject:	conflicting tasks \| moral hazard \| synergies

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Extent:	application/pdf
Series:	CEPR Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 7976
Classification:	D86 - Economics of Contract: Theory
Source:	RePEc - Research Papers in Economics

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